The board of directors of Tata Steel (Thailand) Public Company Limited, at its meeting held on October 31, 2013 approved the resignation of Mr. Hemant Madhusudan Nerurkar, Chairman and appointed Mr. Koushik Chatterjee, Vice Chairman to be the Chairman of the board, with effect from November 1, 2013. The company appointed Mr. Rajiv Mangal to be the President and Chief Executive Officer in place of Mr. Peeyush Gupta, with effect from December 1, 2013. In this regard, Mr. Peeyush Gupta will continue to stay on the board as a non-Executive Director.